The Chamber of Digital Commerce recently filed an amicus curiae in support of crypto exchange Kraken in the ongoing lawsuit brought forth by the US SEC. This move by the Chamber is aimed at halting the SEC’s attempts to regulate the digital asset industry through enforcement without proper legislative authority. According to the Chamber, the
Ripple
The lawsuit between Ripple and the United States Securities and Exchange Commission has been a topic of intense discussion within the cryptocurrency industry since December 2020. At that time, the SEC accused Ripple of conducting an unregistered securities offering by raising over $1.3 billion through the sale of XRP tokens. Ripple, on the other hand,
Ethereum saw a brief surge above $3,000 this week, marking a 4% increase in price. However, the cryptocurrency soon entered into a correction phase, potentially re-testing the key support level at $2860. To sustain the bullish momentum, buyers must defend the support and push the price back above $3,000. Failure to do so could invite
Ladan Stewart, a key member of the US Securities and Exchange Commission’s legal team, recently made the decision to step down from her role at the agency to join White & Case, a pro-crypto law firm. Stewart, who previously served as Regional Trial Counsel in the SEC’s Crypto Assets and Cyber Unit, has joined White
Recent reports reveal that the US Security and Exchange Commission’s (SEC) Office of Inspector General (OIG) is currently investigating cryptocurrency-related financial conflicts of interest. Empower Oversight, an accountability group, brought attention to the matter, highlighting concerns regarding the failures of the SEC’s Ethics Office and a former official, William Hinman. Allegations suggest that Hinman engaged
Bitcoin has shown significant positive momentum in the past 24 hours, reaching above $48,000 and setting a new monthly peak. This surge in price comes after a week of relatively stable trading, with the asset hovering around $43,000. However, things started to change mid-week when Bitcoin broke out of its tight trading range and surged